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Anyway, before I left I checked out . Her story is pretty inspiring in that she is a young woman in the Silicon Valley who built up a business and recently sold it for more than a million dollars. Now she is semi-retired and writing. Recently she bought an established website on Sitepoint to run as a new business and she is only a year older than me. So this led me to browse the Sitepoint marketplace and learn about buying established websites.
So far, I haven’t made a purchase because just like any investment, it takes a lot of research to find a profitable business worth buying. A lot of the cheaper websites that cost under $1000 have less traffic than my sites or just aren’t very interesting. I see most sites in the following categories:
There are also some unique sites with custom software, but those are very very expensive. I think if I buy a site, the only category of sites I am interested in buying is a good forum because those have user generated content that I wouldn’t have to worry too much about. As long as a community is there it would be fine. I don’t want another blog because blogs takes time to create new content for and oftentimes readers are loyal to the original writer of the blog that made it popular so once you buy it a lot of its value is lost. I also don’t want a spammy site full of butts. Anyway, it seems that people price their sites at a multiple of their monthly revenue, so anything that’s pulling a decent income becomes very expensive. However, there are gems in the rough. For example, there are sites that webmasters have not monetized at all because all they created a site as a hobby, but want to get rid of it due to it being too much work. So this creates another segment of entrepreneurs who buy a site on the cheap, slap on some ads, and then flip it for a profit. I think that’s a pretty interesting business on its own, but it takes time to research and find the best “fixer-upper”.
Anyway, as I have said to many people. I only need about 10 to 20 times my current blog income across my three blogs to quit my job and work on this full time. There is definitely potential for my blogs to grow. Currently my site is growing quite healthily and could even surpass The Baglady in traffic with minimal promotion. It is already on the , my favorite real estate site. I guess people just browse that site page after page looking at the home prices falling by 200k to 300k like they are watching a train wreck. So if I concentrate on my current blogs and make them grow to their fullest potential I don’t have to buy any more sites. It may take a longer time, but it would be all mine. If I do buy a established site, I will need to spend time to integrate it onto my webserver and learn about running the new site and that may neglect my current ventures a little bit.
Anyway, I will probably still look out for good sites to purchase, but those are very rare and people snap them up very quickly. I am more of a cautious investor and I never buy anything without a lot of research so I probably won’t be buying something within 30 minutes of the listing so I might miss out on some good ones, but I should be able to avoid a lot of bad ones. Looking at some of the better sites for sale, I am amazed at what some of these very young people have done in terms of online income. The biggest sites with millions of page views a day are basically another full time job and cost a lot for bandwidth so I probably don’t want those. I would be happy with 25000 page views a day and enough money to cover my living expenses after taxes. Maybe next year?
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So, let me explain a bit what I do on a daily basis. I write scripts and programs that build and package lines of code into executable installers and installable packages. When you buy a software program and insert a CD into a computer usually an installer comes up, and well, I’m the the type of engineer that makes those CDs. It is pretty tedious work, and the products are real, but intangible in the sense that I can’t really touch the program I compiled. Though on most days I do find my job meaningful because the installers and builds I create are being used by people all over the world. Sometimes it is hard to explain what I do to people who are not in software. For example, my grandparents have no idea what I do, and I have no idea how to describe my job in Chinese. So I just tell them I work with computers.
Before I became a release engineer I was a QA engineer for a couple years, and it is another fairly tedious job, but quite fun when you nail a nasty bug. What is not fun is to do long performance tests without getting conclusive results. I really think that QA engineers are extremely important. The problem is that QA engineers seem to be less respected for the most part in the software industry. One time I had an interview where the interviewers were quite impressed with me, and then asked me why I became a QA engineer like it was a bad thing. I was actually kind of offended and didn’t take their offer. So I think a job is also more meaningful when it is a respected profession.
Right now I find writing blog articles to be quite fun and meaningful, because I can read what I write, and thousands of other people read my thoughts everyday. I wouldn’t really call it work because it is a hobby, but if I were given the opportunity to write full time I would totally do it.
That’s the end of my rant. What makes your work meaningful?
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When I was three or four years old I had very little knowledge about how my parents paid the bills. I didn’t worry about money because I was unaware of my need for it. I think that’s a big reason why children are generally happier than adults. Children aren’t concerned about making money, responsibilities, or the future. For children the ignorance of adult affairs such as financial management is normal, and I think it is quite fine and healthy for a child to worry more about the next episode of his or her favorite cartoon than fussing over paying the rent. Unfortunately I think a lot of Americans carry this blissful ignorance well into adulthood and are happily irresponsible about their money.
For example, I have read quite a few articles from multiple sources on how most Americans are not saving enough for retirement. The numbers of American adults reported by the press as not being well-equipped for retirement ranges anywhere from 100 million to 150 million (this is roughly 50% to 75% of the adult population). The question is, how many of these people actually know that they don’t have enough for retirement? I imagine not many actually know the extent of their financial health. The simple fact is when people do not know that they are not saving enough for the future they won’t save more. The bigger problem is that some of these people won’t believe you if you tell them that they will not have enough to retire. I don’t think this type of stubborn ignorance is healthy, but at least most of them have time to correct their course.
It really seems that Americans are happy as long as there is enough to live on in the current moment. This is why the minimum payment on credit cards is such a psychological trap. The minimum payment is only 1 to 2% of the entire debt and almost anyone could afford it from month to month. Meanwhile, the interest piles up and the debt follows the minimum payment customer forever. If you watch the Secret History of Credit Cards you will see how clueless most consumers are about how credit card companies make money. The banks bank on the consumers’ ignorance, and keeps them happy with low minimum payments.
Additionally, ignorance also played a huge part in the housing bubble. Many people wanted a home and didn’t do adequate research on their purchases and loans. A great number of these homes are going into foreclosure, but some of these people who bought homes at the inflated prices are still happy homeowners because they’re unaware of the current housing crisis and they can afford their homes. After all, the easy loans gave people an opportunity to own huge new homes, and a good number of people don’t read the news and don’t really care that their property has dropped in value. Quite a few of these homeowners are also extremely optimistic about their home values in the future. I think in general optimism is a good thing, but I would never endorse the act of falling into financial ruin due to ignorance.
I would count myself as one of the happy people living in America, but I think my reasons for being happy is more due to religion and family. I would argue that even though ignorance can be bliss at times, knowing as much as you can about the world around you would better prepare you for the times ahead. None of us know what will happen in the future, but to be completely clueless and happy in a disheveled financial present is not the path to a enjoyable future.
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canada cialis prices– $125,000 is enough for someone to go to college and get a degree that propels them into a good career. Or it could be used for a professional degree or vocational training that could be used to start a new life.
canada cialis prices — I think $125,000 can make a big dent in most people’s debt. I truly believe that being free of debt that continually drains you is a good thing that can change people’s lives.
canada cialis prices- Previously, I wrote about these days. Nevertheless I think it’s important to have a wedding without going into debt. Marriage is absolutely life changing.
canada cialis prices — One of my friend is pregnant right now and another one had a baby about 1.5 years ago. The process of raising a child could cost up to a million dollars, but every mommy I have met say that having a child changed their perspective on life.
canada cialis prices– I sincerely hope that donating a bit of money or items every month or year changes someone’s life out there. a flock of chicks for a family in need and feed malnourished children. It really doesn’t take much to change someone’s life by giving.
Everyone’s circumstance is different, but the important thing to remember is how we use our money. We don’t necessarily need millions to change our lives, but we need to be open to change and be willing to direct our resources towards improving our lives. I hope the winners of Beauty and the Geek will use their windfall wisely, and truly change themselves and the world.
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I think that sometimes paying more for a brand name item makes sense. For example, I like name brand walking shoes for their quality. Compared to generic no-brand shoes, a pair of good brand name shoes just last a lot longer. It is the piece of apparel that takes the most beating and my mom found out early on that a more expensive pair of brand name shoes lasted a lot longer than the $7 generic shoes she was buying. The cheap shoes actually cost more in the long run because they broke so fast that she had to replace them. Basically, I think it makes sense to pay a premium for a brand name product if the quality is actually quite a bit higher than generics.
I also buy brand name products if the products are unique and can’t be substituted by generics. For example, many drugs under patent are irreplaceable by generics. So in the case of unique products consumers don’t really have a choice and the company that owns the monopoly on the product can charge any premium they wish. I guess that is why prescription drugs and health care in general tend to be fairly expensive.
Here’s where I think buying brand name products do not make sense. In the supermarket there are many foods that are branded. I have seen store brand butter that is half the price of a package of a frequently advertised branded butter. When the price difference between two virtually identical products is that high I think it makes no sense to buy the branded product. The premium is probably due to the marketing anyway and there is no point in supporting more advertising.
Another thing about branded merchandise I don’t like is that people often use the brand of their things as a status symbol. There is really no point in buying $300 True Religion jeans just for the brand because the same look can be achieved with much cheaper jeans. When people pay a ridiculous amount of money purely for the sake of the brand their behavior becomes brand worship instead of sensible consumerism. In that case, the marketing team of the company has done a fabulous job in brainwashing consumers and building up their brand, but it doesn’t mean that you have to fork over your money to follow a passing trend.
Finally, I hope all of you had a wonderful weekend! If you braved Black Friday I hope you got some deals to make me proud! Did you buy something for the sake of its brand? What attracts you to certain brands?
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